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Bullboard - Stock Discussion Forum Gear Energy Ltd T.GXE

Alternate Symbol(s):  GENGF

Energy Oil & Gas E&P
Gear Energy Ltd. is an oil-focused exploration and production company. The Company carries on the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its operations are located in three core areas: Lloydminster Heavy Oil, Central Alberta Light/Medium Oil and Southeast Saskatchewan. The Company is also engaged in focused on improving oil... see more

TSX:GXE - Post Discussion

Gear Energy Ltd > Gear Disposal
View:
Post by Roscoe747 on Jul 11, 2023 11:58am

Gear Disposal

Gear disposes of 93 wells, 15 facilities and 2 pipelines to TOP Oil Production in a non-core asset sale. - BOE Report.
Comment by uwebb429 on Jul 11, 2023 12:09pm
https://boereport.com/2023/07/11/ad-alert-gear-energy-to-dispose-of-93-wells-15-facilities-and-2-pipelines-boe-intel/
Comment by navajojoe on Jul 11, 2023 6:24pm
Are they trying to dump reclamation costs again? I wonder if this one will be denied?
Comment by JTDOUBLE on Jul 11, 2023 2:08pm
  Gear Getting leaner .. i like this transactions..
Comment by jleer42 on Jul 11, 2023 2:49pm
Hopefully it will be discussed in the upcoming monthly update, if not a prior news release. I'm lookin forward to seeing its impact on the financials.
Comment by Roscoe747 on Jul 11, 2023 3:50pm
I think Gear will label this transaction as non-material and try to avoid any mention.
Comment by Roscoe747 on Jul 11, 2023 3:54pm
IF it passes the regulators, the sale proceeds will be less significant than the ARO reduction.
Gear Energy Ltd
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